STANFORD: A study recently done by researchers and economists at Stanford University shows how differences in management practices leads to differences in the productivity level of the company. According to the study, which was a two-year research and ended in 2010, the core set of practices increases the profit and productivity in an organization. During the study, the researchers compared textile industries which adopted few 'best' practices to those which didn't adopt the same. There was an improvement in productivity by 10 percent within a few months of adoption. The management practices on which the industries were evaluated are routines for recording and analyzing quality defects, production, inventories, and order fulfillment. Practices like paying incentives based on the performance, clear job assignments and preventive maintenance were also encouraged in an organization. Practices like daily meeting to assess the production and quality data by management, observing, recording and meeting in order to have a discussion on the defects on a daily basis and based on the same, developing a grading system for the product and an action plan were also implemented. Decentralizing decision making is also one the best management practices. Imbibing technology into their systems is one of the suggested practices. Having computer-skills will help in various activities such as in preparing daily charts.